Data Redundancy Should Be Avoided Because It Wastes Storage Space

question 30

True/False

Data redundancy should be avoided because it wastes storage space and might cause inconsistencies within the database.
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Definitions:

Money Supply

The sum of all financial resources circulating within an economy at a particular moment, encompassing cash, coins, and the amounts present in checking and savings accounts.

Recessionary Gap

The difference between the actual output of an economy and its potential output at full employment, during a recession.

Discount Rate

The rate at which the central bank lends money to commercial banks and other financial institutions through its discount window.

Fiscal Expenditure

Government spending, including spending on goods and services, welfare, and public works, financed through taxation or borrowing.